• A burning issue

    The Knysna fires have shown that SA needs to be fire-aware and wary, says Mandi Smallhorne.

  • True economic freedom

    Harping on inequality and repressive rich people deflects attention from the real issues, say analysts.

  • Terry Bell's Inside Labour

    A winter of discontent looms as public sector unions gear up for pay and benefit talks.

All data is delayed
Loading...
See More

Implats workers want to double wages

Sep 11 2012 08:00
Reuters

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 35
Change 0
% Change -1
Cumulative volume 3849426
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 45
Change -1
% Change -3
Cumulative volume 2782048
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Implats miners demand another increase

Implats: Violent strikes could spread

Implats knocked by strike costs

Implats halts output to mourn miners

Mining unrest spreads

Wildcat strike hits Gold Fields

 

Johannesburg - Impala Platinum Holdings [JSE:IMP], the world's No.2 platinum producer, said on Tuesday workers had demanded a second pay hike this year, to effectively double their wages in six months, the latest sign of labour unrest in the sector.

The demand comes as South African miners grapples with a wave of strikes that last month led to the death of 44 people, 34 at the hands of the police.

The unrest has also spread to gold producers, with Gold Fields [JSE:GFI] reporting that 15 000 miners had embarked on a wildcat strike at its KDC operations.

Implats granted workers an increase after a strike shut down production at its key Rustenburg operations in January and February this year, but the platinum producer says workers now want more.

"We believe that current tensions are an issue for the entire industry," said Implats chief executive Terence Goodlace in a statement.

He said that profit margins were under severe pressure "with consequences for all concerned".

South Africa's platinum industry has been struggling to survive as input costs such as electricity have spiked and metals prices fall.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
50 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Compulsory social security fund on the cards

Previous results · Suggest a vote

Loading...